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National Capital jobless rate a tad higher in July

13 August 2018

But the unemployment rate for the province rose 0.2 per cent, from 6.5 to 6.7 per cent.

The increase comes as the employment rate declined from 63.5 per cent in June to 63.1 per cent in July, as 11,800 fewer people were employed in the region, according the federal statistics agency's monthly Labour Force Survey.

Stats Canada says the decrease in employment for Alberta is due to the lack of full-time work, however, part-time work saw an increase creating little change in the rate for July.

Overall, Canada gained approximately 54,000 jobs since last month, driving the national unemployment rate down from 6.0 per cent to 5.8 per cent. These gains were largely attributed to an overall growth in the number of part time jobs available.

The total number of hours worked in July expanded 1.3 per cent, a slightly slower pace than the June reading of 1.4 per cent.

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In an interview, Shenfeld added that "for the past year, Canadians have certainly been enjoying a very solid labour market with a low unemployment rate and that's still true in the latest data". Compared to last July, 246,000 more people are working across the country, an increase of 1.3 per cent.

In contrast, employment fell in most goods-producing sectors, specifically manufacturing, construction and natural resources.

By industry, the services sector saw the biggest gains last month with a combined net increase of 90,500 jobs, which was led by 36,500 new positions in education and 30,700 in health care and social assistance.

"The labour market remains robust and there is easily enough here to convince the Bank of Canada to maintain its gradual tightening campaign - there's just not enough to get it to accelerate the schedule", BMO chief economist Doug Porter said in a note to investors.

On a year-over-year basis, employment rose by 245,900 jobs, or 1.3 percent.

National Capital jobless rate a tad higher in July